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Economics Past Questions and Answers

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Economics Questions

Question 3941:

Full employment is a situation in which ____________

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A Every adult is employed.
B Only the disable are not employed.
C All adults who can work are employed.
D All those who are able and eligible can find employment

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Question 3942:

Mono production economies are those that ____________

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A Produce one main commodities
B Have a rich cultural heritage.
C Specialize in agricultural industries.
D Produce only raw materials.

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Question 3943:

Mono production economies are those that ____________

SchoolNGR Classroom

A Produce one main commodities
B Have a rich cultural heritage.
C Specialize in agricultural industries.
D Produce only raw materials.

View Answer & Explanation

Question 3944:

Petroleum 'glut' in international trade means ____________

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A Higher prices for the Consumption of petroleum.
B An Oversupply of petroleum.
C A fall in in petroleum production.
D A higher petroleum price offered by the buyer.

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Question 3945:

Retailers in an economy perform the function of ____________

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A Distribution.
B Exchange
C Investment
D Production

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